EC Non-opposition to a notified concentration between Delta Lloyd and Swiss Life Belgium
On the 24th of May, the European Commission published in the Official Journal its decision dating back to 29 April 2008 when the Commission decided not to oppose the notified concentration between Delta Lloyd and Swiss Life Belgium. The concentration was declared compatible with the common market.
Swiss Life Group With over 40 years of experience, the Swiss Life Network is the oldest Network in the world. Backed by the financial power of the Swiss Life Group, the first life insurance company of Switzerland, the Swiss Life Network is the leading provider of international employee benefit solutions:
- Total premium income in 2006 amounted to EUR 475 million, of which more than EUR 175 million came from corporate business.
- One of the leading companies for unit-linked products and with a strong reputation for Separate Accounts in Belgium.
- In 2006 Swiss Life Belgium received the Award for Innovation for its employee benefits online platform “My Workplace”.
Delta Lloyd Group is a customer and service-oriented provider of financial services. With three strong. The company consists of nine divisions, approximately 6,500 employees and activities in the Netherlands, Belgium, Germany and some other countries, it ranks among the leading players in the industry. All activities of Delta Lloyd Group are focused on a single objective; offering security:
- Security for individual customers,
- entrepreneurs and businesses,
- by insuring risks,
- protecting income
- building their provisions for the future.